Active Health Foods Inc (AHFD)

[downandoutthanksd]

The post-split capitalization for the Company will be reduced to 100 million common shares authorized. The previous increase to 37 billion authorized shares for the purpose of the Reg A offering will be amended. The purpose of the reverse-split is to qualify the Company for listing on the NASDAQ Capital Market, which is anticipated in the first quarter of 2023.

Joe Wallace, AHFD President, stated “Our plan is to uplist to the NASDAQ Capital Markets once AHFD’s minimum bid price trades at $4.00 per share for 90 days, which will increase the value to all of our shareholders and attract new market makers trading our shares. We believe that there has been confusion about our plans in the trading market, between the previously announced Reg A and the reverse-split. Hopefully this announcement will clarify the situation.”

This guy clearly knows this is the same lingo used a billion times when they're about to bend you over with no chance of a reach around. Attract more hedge funds and That's all folks!!!